United Kingdom Homebuilders Are on the Downside

UK homebuilding stocks peaked in late 2006 and early 2007, around 18 months after their U.S. counterparts peaked. Individual UK homebuilders are down 40 to 60 percent from their peaks.

The chart pattern of Persimmon (PNS.L), a builder of houses of all sizes, is typical of stocks in the group.

United Kingdom Homebuilders
Company & Web Site	Quote	Comment
Barratt Developments	BDEV.L	Residential and commercial
Bellway	BWY.L	Residential
Berkeley Group	BKG_u.L	Residential and commercial
Bovis Homes	BVS.L	Residential
Galliford Try	GFRD.L	Residential and construction business
Kier Group	KIE.L	Kier Residential is part of Kier Group.
Persimmon	PSN.L	Residential
Redrow	RDW.L	Residential and commercial
Taylor Wimpey	TW.L	Residential in UK, North America, Spain and Gibraltar

Related Articles:

Price Patterns - A Bubble Top Is an Extreme Pattern
Homebuilding Stocks
Homebuilding Stocks - Articles on buyupside.com
Spanish Real Estate and Homebuilding Stocks Are on the Downside

Posted January 29, 2008.